Legacy Capital Group California Inc. Acquires Shares of 34,933 Carnival Co. & plc (NYSE:CCL)

Legacy Capital Group California Inc. bought a new stake in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, Holdings Channel.com reports. The firm bought 34,933 shares of the company’s stock, valued at approximately $871,000.

A number of other hedge funds have also modified their holdings of the business. Hartford Investment Management Co. raised its position in shares of Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after buying an additional 387 shares during the last quarter. Encompass Wealth Advisors LLC raised its position in shares of Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after buying an additional 451 shares during the last quarter. Avidian Wealth Enterprises LLC raised its position in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after buying an additional 521 shares during the last quarter. Finally, Graypoint LLC raised its position in shares of Carnival Co. & by 5.3% in the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after buying an additional 560 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of CCL opened at $24.54 on Friday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The stock has a market cap of $28.56 billion, a PE ratio of 17.65, a P/E/G ratio of 0.77 and a beta of 2.64. The firm has a 50-day simple moving average of $25.69 and a two-hundred day simple moving average of $22.07. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the business earned ($0.07) earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on CCL. Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Bank of America increased their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Mizuho raised their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Morgan Stanley raised their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Finally, Barclays raised their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.